Debt, investment, slaves : credit relations in East Feliciana Parish, Louisiana, 1825-1885 / Richard Holcombe Kilbourne, Jr. ; foreword by Gavin Wright
Foreword; Acknowledgments; Glossary; Introduction; 1. The Origins of the Antebellum Credit System: The Accommodation Endorser; 2. The Emergence of Factors as Investment Bankers; 3. Securing Antebellum Credit Transactions with Slaves; 4. The Nemesis of Prewar Debt; 5. The Truncation of the Factorage System; 6. Decline and Default; 7. Tenants, Sharecroppers, and Furnishers; Appendix; Notes; Bibliography; Index
Summary
A thorough survey of parish mortgage records and other manuscript collections led to the conclusion that most credit relationships, collateralized and uncollateralized, were grounded in slave property as opposed to land or other forms of wealth. Uncollateralized debt was directly dependent on the relative wealth of parish residents, and the bulk of most portfolios consisted of slaves. Emancipation and the Civil War occasioned a monumental credit implosion from which the local economy never recovered, at least for the remainder of the 19th century. Kilbourne make
Bibliography
Includes bibliographical references (pages 173-193) and index
Notes
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